pull down to refresh
23 sats \ 5 replies \ @TomK OP 11 Jul \ parent \ on: Japan intervenes in the currency market econ
They 'should' do it. But they can't. They are stuck in their keynesian bs fiat nightmare
Keynesian doom loop but they have to endure short term pain to get out of this doom loop
reply
That would not be short term pain, it would collapse their entire banking system
reply
These apocalyptic scenarios are used to justify misguided government interventions.
reply
That's just the nature of a fractional reserve banking system.
The bankers, at all times, have a gun to the head of the public to shake us down for more money.
If we refuse, they pull the trigger and the deflation of all the fiat debt burns away everything, including everyone's bank deposits.
reply
how much propaganda, disinformation and poor education is needed to subject mass populations to this system is actually astonishing. the dimmer the population, the easier it is, of course, but the amount of energy required to dumb down a society in this way is enormous
reply